Section 301 – Delay of a transaction involving a vulnerable adult.
Effective 5/12/2020 7-26-301. Delay of a transaction involving a vulnerable adult. (1) A covered financial institution may delay a transaction involving a vulnerable adult, if: (a) a qualified individual reasonably believes that executing the requested transaction will result in financial exploitation of the vulnerable adult; or (b) a law enforcement agency provides the covered financial […]
Section 302 – Permitted notifications.
Effective 5/12/2020 7-26-302. Permitted notifications. (1) A covered financial institution may notify a law enforcement agency or Adult Protective Services if a qualified individual believes that the financial exploitation of a vulnerable adult is occurring, has or may have occurred, is being attempted, or has been or may have been attempted. (2) A covered financial […]